June 2023 - Page 2 of 3 - Green Car Stocks

ThursdayJun 15, 2023 12:45 pm

Ford Opens EV Production Facility in Germany

This week marked the official opening of Ford's Cologne EV facility, a cutting-edge production plant in Germany where the company will create its next generation of passenger electric vehicles for millions of customers in Europe. The Ford Cologne facility was established in 1930; however, in 2021 Ford announced that it would be converted into an electric vehicle manufacturing hub at a cost of $1 billion. The plant's renovation is currently described by the company as part of a $2 billion investment. Ford anticipates that the Cologne electric vehicle facility will produce 250,000 electric cars each year. In 2022, Ford stated…

WednesdayJun 14, 2023 12:37 pm

How Tesla Plans on Accommodating Increased Demand for Chargers

With Tesla’s move to open its charging network to Ford and GM, the rest of the auto industry may be obliged to follow suit. However, it is currently unknown which of the auto manufacturers might collaborate with Ford and GM. Presently, there are two primary kinds of charging plugs for electric vehicles: Tesla's NACS and CCS, which most other auto manufacturers utilize. Tesla controls the most extensive network across America, with 17,000 electrical plugs. Faster charging is possible at Tesla's charging points than at the majority of stations. Additionally, these stations frequently have higher reliability and are located in safer…

TuesdayJun 13, 2023 10:37 am

Chinese Firm Makes 621-Mile EV Battery for All-Weather Use

Greater Bay Technology, a Chinese firm, claims that its new EV battery is able to function in any climate. According to Bloomberg, a battery known as the Phoenix cell employs superconductive substances and thermal control to elevate temperatures from below zero to a typical ambient temperature in under five minutes. Since EV batteries were first launched, they have been plagued with high temperatures. Electric vehicle batteries become less effective as the temperature drops to under 32ºF (0ºC) during charging, creating challenges for vehicle owners who actually rely on the range provided by the vehicles. To keep the temperature of batteries…

MondayJun 12, 2023 9:27 am

Study Projects 90,000 Lives Can be Saved by EV Adoption

A study by the American Lung Association projects that almost 90,000 lives might be saved by 2050 through the adoption of electric vehicles in the United States. However, in order to realize the entire benefits of health, the nation would also need to move further toward cleaner, noncombustion energy sources, including geothermal, wind, hydro and solar. The study estimates that moving to cleaner cars and better energy sources will result in 2.2 million fewer instances of asthma and 10.7 million fewer lost working days will be lost. In addition, the American healthcare system will benefit by saving $978 billion. According…

FridayJun 09, 2023 1:24 pm

Why Second-Hand EV Prices are Dropping

According to recent United Kingdom data, the value of used electric automobiles has decreased by one-third on average over the last six months, as opposed to 0.5% for gasoline cars. What could be the reason behind this drop? Research conducted by Car Dealer's magazine revealed that in the last six months, 29 of the top 30 used vehicles with remarkable depreciation are electric. Furthermore, the magnitude of the average decline is particularly astonishing. The auction prices of electric vehicles have plummeted by a staggering 33.6% since last December, while those of diesel and gasoline vehicles only decreased by 1.3% and…

ThursdayJun 08, 2023 2:55 pm

How EV Technology Triggers Energy System Transformation

The swift growth of electric automobiles has not only upset the transportation sector, it is also revolutionizing power systems across the globe. As the adoption of electric vehicles grows, the manner in which power is produced, shared and utilized has to change substantially. This transformation is being pushed by advancements in electric vehicle technology, which will allow for a power system that is more effective and viable. V2G technology is among the fundamental ways in which electric vehicles (EVs) are revolutionizing power systems. This vehicle-to-grid technology permits electric automobiles to interact with the electrical grid, allowing them to consume power…

WednesdayJun 07, 2023 1:55 pm

Ford, Tesla Charging Deal Takes EV Industry by Surprise

Ford Motor and Tesla CEOs Jim Farley and Elon Musk made an announcement via a real-time audio conversation on Twitter Spaces on Thursday that the two automakers will collaborate on efforts relating to EV charging for both future as well as present models. In line with the agreement, Ford electric vehicles will be able to utilize an adaptor to access more than 12,000 superchargers owned by Tesla located throughout Canada and the United States beginning early 2024. Ford's upcoming electric vehicles, which are anticipated to be released in 2025, will come with a Tesla plug for charging. This plug will…

TuesdayJun 06, 2023 3:14 pm

UK Company Develops ‘Solar Trees’ to Charge EVs

Parking lots and retail centers within the United Kingdom could soon be adorned with solar-powered metal trees canopy reaching seven meters in height. These structures, which are being used as sources of electric vehicle charging power, were developed by SolarBotanic Trees, a British startup. The structures are capable of harvesting the energy from the sun through nano photovoltaic leaves and storing that energy in batteries installed inside the tree trunk. The company just finished the half-size prototype of the gadget and is now planning to develop and test a full-scale prototype before commencing production for market by the year's end.…

MondayJun 05, 2023 2:22 pm

Gigafactory in France to Dent Chinese Dominance of EV Battery Production

France is launching the first electric vehicle battery plant in an effort to reindustrialize the nation and catch up with producers from China in a flourishing industry. The gigafactory, located in the northern part of France, would be one of the first factories in Europe to produce electric vehicle batteries, an industry that has historically been controlled by China. Automotive Cells Company (ACC Group), a partnership composed of Mercedes-Benz, Total Energies and Stellantis, which has brands such as Peugeot, Chrysler and Fiat, owns the battery plant that will be opened at Billy-Berclau in the northern region of France. The French…

FridayJun 02, 2023 12:12 pm

Mercedes-Benz Sets Sights on Being Most Desirable EV Brand

Mercedes-Benz is seeking to dethrone Tesla as the leading luxury electric vehicle maker. The company is expanding its own charging infrastructure, speeding up the electrification of the fleet and equipping its cars with Level 3 self-driving technologies. The goal of Mercedes, according to Dimitris Psillakis, is very clear: to emerge as a highly coveted, luxurious electric auto brand. To do this, a balance must be struck between excellent products, fantastic design and helpful service. Psillakis, who is assisting in managing the strong drive toward electric vehicles, stated that the company does not view Tesla as a luxury rival but rather…

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Month: June 2023